BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which one of these is NOT a cause of scarcity?
|
|
overproduction of time
|
|
|
not enough materials
|
|
|
Poor Distribution of Resources
|
|
|
Rapid Increase in Demand
|
Explanation:
Detailed explanation-1: -Demand-induced scarcity reflecting rising demand. Supply-induced scarcity caused by diminished supply. Structural scarcity attributable to mismanagement or inequality.
Detailed explanation-2: -Money, space, time, and energy are not scarce because you don’t have as much of them as you want.
Detailed explanation-3: -There are three causes of scarcity – demand-induced, supply-induced, and structural.
Detailed explanation-4: -Scarcity of resources refers to the situation where resources are limited in quantity and have alternative uses in production of various commodities.
There is 1 question to complete.